Question

Suppose that production of a firm's output is described by the following production function Q =...

Suppose that production of a firm's output is described by the following production function

Q = K0.25 L0.5

In the short run, the firm's capital is fixed at 10,000. Suppose further that the market price of

the output is $70, and that the market wage is $25.

What is the Marginal Revenue Product of Labor (MRPL) for the 129th worker?

Enter your answer rounded to the nearest two decimals.

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